The Long & Foster Market Minute

Focus On: Camden County Housing Market April 2020

Units Sold
484
Active Inventory
1,284
Median Sale Price
$210,000
Days On Market
48
Down -25%
Vs. Year Ago
Down -47%
Vs. Year Ago
Up 17%
Vs. Year Ago
Down -25%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in April, with 484 sold this month in Camden County Real Estate versus 577 last month, a decrease of 16%. This month's total units sold was lower than at this time last year, a decrease of 25% versus April 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 1,145 units or 47%. The total number of active inventory this April was 1,284 compared to 2,429 in April 2019. This month's total of 1,284 is lower than the previous month's total supply of available inventory of 1,495, a decrease of 14%.

Median Sale Price
Last April, the median sale price for Camden County Homes was $180,000. This April, the median sale price was $210,000, an increase of 17% or $30,000 compared to last year. The current median sold price is 12% higher than in March.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
516
Current Contracts
514
Sold Vs. List Price
98.7%
Months of Supply
2.7
Down -52%
Vs. Year Ago
Down -30%
Vs. Year Ago
Up 0.7%
Vs. Year Ago
Down -30%
Vs. Year Ago

Months of Supply
In April, there was 2.7 months of supply available in Camden County, compared to 3.8 in April 2019. That is a decrease of 30% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 516 homes newly listed for sale in Camden County compared to 1,076 in April 2019, a decrease of 52%. There were 514 current contracts pending sale this April compared to 732 a year ago. The number of current contracts is 30% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Camden County was 98.7% of the average list price, which is 0.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 48, lower than the average last year, which was 64, a decrease of 25%.

The Long & Foster Market Minute
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.